Oil prices hold steady as recession worries offset lower U.S. stocks – Reuters
- Date: 18-Aug-2022
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil prices hold steady as recession worries offset lower U.S. stocks – Reuters
Aug 18 (Reuters) - Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures.
Brent crude futures fell 33 cents, or 0.4%, to $93.32 a barrel. U.S. crude futures fell 40 cents, or 0.5%, to $87.71 a barrel.
Prices rose more than 1% during the previous session, although Brent touched its lowest level since February.